Yahoo! Inc. Chief Executive Officer Terry Semel, pressed by investors to shore up the stock price, promoted Chief Financial Officer Susan Decker to a new job overseeing advertising sales as part of a broader shake-up.
Chief Operating Officer Dan Rosensweig will leave the company, owner of the most visited U.S. Web site, Semel said.
Lloyd Braun, the former ABC television executive who ran Yahoo’s media sites, also resigned.